You Deposit $1,000 in an Account Offering an 8% Yield,compounded

question 16

Multiple Choice

You deposit $1,000 in an account offering an 8% yield,compounded semi-annually.At the end of one year,your total earned interest is

• A)$40.00.
• B)$40.80.
• C)$80.00.
• D)$81.60.

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Definitions:

Sternum

The long, flat bone located in the center of the chest, connected to the rib bones by cartilage, commonly known as the breastbone.

Spongy Bone

A type of bone tissue that is characterized by its porous, honeycomb-like structure, found at the ends of long bones and in the inner layer of flat bones.

Red Bone Marrow

The soft tissue inside bones that produces blood cells.

Compact Bone

Dense and hard outer layer of bone tissue that provides strength and protection.